Percent Advisors LLC

ITEM 5: FEES, COMPENSATION AND TERMINATION OF SERVICES

A. Description of Compensation and Basic Fee Schedule
Separately Managed Accounts (SMAs)

In consideration of the Adviser’s services under the typical SMA agreement, the client shall pay
or cause to be paid to the Adviser the Management Fee. The Management Fee will be paid by the
client monthly and is equal to 1% per annum of the outstanding client account balance including
cash and investments, calculated as of the first day of each month. The Management Fee will
first be collected from available funds in the client account on a monthly basis prior to any funds
becoming available to the client. If less than sufficient funds are on deposit in the client account
to cover the accrued and unpaid Management Fee, the Adviser may send the client an invoice for
any outstanding amount, which shall be payable by the client promptly upon the receipt of such
invoice.

Private Funds

The Adviser will charge a Management Fee in conjunction with performing its obligations under
the Investment Management Agreement. This Management Fee will be paid monthly and is
equal to 1% per annum of the principal amount of the underlying investments, calculated as of
the date the monthly distribution is due. The Management Fee will be paid and collected from
available amounts comprised of the initial proceeds, interest payments from underlying
unsecured notes and principal payments. The Management Fee will reduce the amounts
otherwise available to pay interest and principal in respect of the unsecured notes and will reduce
distributions, if any, of interest and principal to fund investors.

B. Other Compensation
The Adviser is affiliated with Percent Securities LLC, which may act as placement agent for
certain investments and receive transaction-based compensation, including placement fees and
commissions. In addition, the Adviser is affiliated with service providers that may receive
administrative, servicing, or other fees in connection with investments recommended by the
Adviser. These arrangements create a conflict of interest because the Adviser has a financial
incentive to recommend investments that generate compensation for its affiliates. The Adviser
addresses these conflicts through disclosure and compliance oversight.

Service Fee

In order for the Adviser to render investment advisory services to the client, each client is subject
to a Service Agreement. Upon execution of an Advisory Agreement entered into between
Percent Advisors, LLC (the “Adviser”) and the Client (as defined in the Advisory Agreement),
the Service Agreement is entered into by Cadence Group, Inc. (DBA Percent Technologies)
(“Service Provider”) and the Client. This Service Agreement, hereby incorporated into the

Form ADV Part 2A - March 2026

Advisory Agreement, sets forth the respective rights and obligations between the Service
Provider and the Client with respect to certain online account management services to be
provided by the Service Provider to the Client pursuant to the terms of this Service Agreement.

The Service Provider shall provide the Client with access to the investment platform, facilitating
access to private credit investment opportunities. The platform offers a technology solution for
individual and institutional Accredited Investors seeking private credit investment opportunities
and visibility into both individual private credit investments as well as the private credit
marketplace as whole. The private credit investment products are made available by Percent
Securities, LLC, an affiliate of the Adviser and a broker-dealer registered with the U.S.
Securities and Exchange Commission (the “SEC”).

In consideration of the use of the investment platform by the Client and the services to be
rendered to the Client by the Service Provider, the Client shall pay to the Service Provider a
“Service Fee.” The Service Fee is equal to the product of (i) the final stated coupon rate per
distribution of the respective underlying investment and (ii) 10%.

For variable rate investments, the Service Fee is equal to the product of (i) the calculated coupon
rate per distribution of the respective underlying and (ii) 10%.

For example, if the Client invests $1,000.00 in an underlying investment with a 12% stated
coupon rate paying monthly interest, the Client will pay a 1.2% annualized Service Fee, or $1
per month or $12 per year. (10% * 12%) * $1,000.00 = $12 per year.

The Service Provider will net the Service Fee from the interest and principal distributions
payable to the Client with respect to each underlying investment in the Client’s account.

Underwriting, Platform & Placement Fees

Cadence Group, Inc. may charge a nonrecurring onboarding, syndication, or placement fee as
well as a recurring platform license fee (together, the “Underwriter Fees”) to the Underwriter or
an affiliate, which may pass along such fees to the Clients.

Cadence Group, Inc. may also charge a nonrecurring onboarding, syndication, or placement fee
as well as a recurring platform fee (the “Platform Fee”) to the underwriter or borrower client.
The amount of the Platform Fee is dependent upon amounts outstanding in connection with each
underlying investment offering.

Percent Securities LLC (the “Placement Agent”), a wholly owned subsidiary of Cadence Group,
Inc., functions as the exclusive placement agent for the Unsecured Notes. For its services as
placement agent, Percent Securities LLC receives a fee equal to a percent of the gross proceeds
from the offering of the Unsecured Notes. This compensation is not directly shared with the
Adviser and is kept separate.

Form ADV Part 2A - March 2026

ITEM 7: TYPES OF CLIENTS
The Adviser provides investment advisory services to a range of clients, primarily focused on
private credit and alternative investment strategies. The Adviser’s client base generally includes
the following:

Private Funds and Investment Vehicles

The Adviser serves as investment adviser to one or more privately offered pooled investment
vehicles, including limited partnerships, limited liability companies, and other structures (each, a
“Fund”). These Funds are typically offered pursuant to exemptions from registration under the
Securities Act of 1933, including Regulation D, and are generally available only to accredited
investors and, in certain cases, qualified purchasers.

Institutional and Professional Investors

The Adviser provides advisory services to institutional clients, including family offices, private
investment firms, corporations, foundations, endowments, and other entities seeking exposure to
private credit and structured finance opportunities. These clients may invest directly or through
separately managed accounts or customized investment mandates.

High Net Worth Individuals

The Adviser may provide advisory services to high net worth individuals and their related
entities, either through direct investment advisory relationships or through participation in Funds
and other pooled investment vehicles managed by the Adviser.

Account Minimums and Investment Requirements

The Adviser generally imposes minimum investment amounts for participation in Funds, SPVs,
and other investment vehicles, which may vary based on the specific strategy, structure, or
offering. These minimums are typically disclosed on the website and in the applicable offering
documents. The Adviser may, in its sole discretion, waive or reduce minimum investment
requirements for certain investors.

Form ADV Part 2A - March 2026

Additional Considerations

The Adviser’s services are generally not offered to retail investors who do not meet applicable
eligibility requirements. All clients are subject to the terms and conditions set forth in applicable
advisory agreements, offering documents, or platform terms, as applicable.